Banks Act, 1990 (Act No. 94 of 1990)

Notices

Designation of an Activity not Falling within the meaning of "The Business of a Bank"

Common Bond

Notice No. 1176 of 2006
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Notice No. 1176

1 December 2006

GG 29412

 

South African Reserve Bank

 

Under paragraph (cc) of the definition of "the business of a bank" in section 1 of the Banks Act, 1990 (Act No. 94 of 1990), I, Errol Melville Kruger, Registrar of Banks, hereby designate, with the approval of the Minister of Finance with effect from 1 December 2006, the activity set out in paragraph 2 of the Schedule as an activity that does not fall within the meaning of "the business of a bank".

 

 

E M Kruger

Registrar of Banks